Don Fishback is an experienced financial analyst and former stock broker. He has had a long career in the industry conducting trades, research, and training in various markets. These days Don Fishback operates his own firm, which focuses on volatility research and product development.
Don Fishback’s company offers a wealth of educational books, seminars, and web applications to assist traders. He explains that the foundation for his mathematical research stems from the bell curve analysis of the market.
Simplistically, it means that even though the prices on the market appear random over a period of time they settle into a normal distribution known as the bell curve. The actual math behind Don Fishback's ODDS theory is complex but it’s based off this principal. Consequently he has applied his results into a high probability strategy called credit spread.
Even though Don Fishback has an “Options for Beginners” book the majority of his products carry a degree of complexity to them. For someone to benefit from his materials they need to have an understanding of options trading and the ability to perform certain calculations.
The reason for this is that Don Fishback’s materials show you how to compute the statistical probability that a price will reach a given target. Using this method, one can ultimately calculate an option's statistical probability of expiring "in the money".
The reason that his courses require a level of financial competence is that you are supposed to apply these results accordingly. Don Fishback does not give you a step-by-step system to follow that tells you everything to do; you are trained in performing this function and advised on how to use it.
First of all Eric, his name is Don, and second of all to every one, he is not a scam. He is a really good teacher! I loved his teachings. Whenever I don't understand anything, he knows how to explain it to me, and I told my friends, and they say the same. I get it if you don't get how to do it. Some of my friends say its a scam also, but it is only their fault on not understanding it, and not allowing don to teach them how easily. And to all the people criticizing about the refund, he tells you before you pay that you get no refund, so it's your fault for not listening! Don and I have been working together for 4 years, and if you knew the guy, you would know he keeps his word and he isn't a scam.
I have made more money more consistently with Don Fishback than any other adviser I've used. His trades are easy to execute and the number of trades is right for me, approximately 2 to 6 trades per month. I like the fact that he doesn't feel obligated to provide trades every week, but rather waits for the right conditions. I was in ODDS Correlation Trader at first and there weren't many trades. I called them and they allowed me to switch to a different program which has proven very effective. I have no connection with him; I'm just a simple trader who finds that his trades win the vast majority of the time, probably more than ninety percent.
Total Scam -- stay away. Much too good to be true. Do some research on Fishback and you will see he has been indicted on other scams.
Fishback's ODDS InsInt is money in the bank. We have used it for over two years and it is the only service we can depend on! The 80% success ratio is the real deal! We are satisfied paying customers.
Thanks for your honest opinion. My search of these sort of mass marketers have shown that not even one in the past 30 years proven to be worthwhile. Avoid them all.
I purchased the ODD Correlation Trader signals in Nov 2009. This is a daily service where Don personally provides a buy or sell on the S&P and you can trade the ETF or options. So far after four month of this service there have only been 2-3 signals and none so far have produced any positive returns. All other signals have been neutral, meaning no confirmed direction.
I obviously did not due any research on his service but instead trusted the Don Fishback name as he has been around forever. His claims about doubling your money using his personal daily signals on the S&P have not yet proven to be worth my time. I currently don’t have enough confidence in this service to even act on a new signal. I paid a ton of money for this service so far not worth ten cents. I have asked for a pro rated return and have been denied. Please be warned about this service and anything else he is selling.
Dan Fishback customer service is terrible. I asked for a refund after missing a renewal date by 1 day and was refused. Their $60 monthly fee was worth more to them than a happy customer. Warning: do not do business with these people.